Digest of latest review by newlaunchguru.sg - One Meyer

This is the short version based on the latest review of One Meyer condominium by newlaunchguru.sg.

The much desired new condo of Q1/2019 is finally here! One Meyer, a super rare freehold luxury condo project located right in the center of East Coast (Meyer Road) in District 15, one of the most prestigious and upmarket districts in Singapore. In addition, this project is also one of the few condos in the area where residents can have stunning sea view without the traffic noise coming from ECP, thanks to the Katong Park acting as a sound barrier.


As per JLL who participated in the purchase of One Meyer, this was the 1st attempt the residential property was offered for sale. This attractive land obtained bids from over a dozen property developers ranging from small to big firms. Several factors may have led to that situation. First, One Meyer is well located next to the upcoming Katong Park MRT target to operate by year 2023 which is part of the Thomson East Coast line. Furthermore, the site has a seafront and an amazingly clear view of the Katong Park, merely five stops away from Raffles Place and Shenton Way. This enables the future residents of One Meyer, e.g., cyclist, to get to the CBD via the cycling track of the beach. Sustained Land Ltd successfully acquired the bid with the price of S$69.1 million. (Under|According to|Based on} URA Master Plan, One Meyer site measures 23,400 sq ft with the gross plot ratio of 2.1, and its land rate translates to around S$1409 considering the development charges as well. Sustained Land wants to re-develop the 10-storey high One Meyer into an 18-24 storey high sufficient for up to 65 units each having an average size of 753.5 sq ft. The gross profit ratio(GPR) is going to increase from the current 2.09 to 2.1 if they obtain authorities' approval.

One Meyer sits at the junction of Meyer Place and Meyer Road in Katong which is a place known for many private condominiums. You can get to One Meyer via a variety of transport options, both public and private. Long travelling time by bus to other parts of Singapore will be shortened with the operation of TEC Line in year 2023. At that time, Katong Park MRT is next to One Meyer condominium. Driving to many places of interest in Singapore is also quick with Singapore Sports Hub less than 7 minutes and CBD/Changi Airport less than 15-min via ECP. Although 23,400 square feet is not considered as a big condo project, what One Meyer offers is privacy and exclusivity. This one block building with the glass facade appearance will for sure become the brightest star in Mayer Road. For the price of 2-bedrooms, One Meyer is considered a good deal if it is launched around S$2300-S$2400 according to competitive market analysis. Seaside Residences, a 99 year leasehold project, transacted at average of S$1900psf, is located in the opposite end of East Coast.

Talking about cons - being a not-so-big condominium means One Meyer may not provide so many varieties of facilities which other bigger projects provide, notably the nearby Belvedere.

Check out One Meyer news at The Business Times